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Korea Begins VAT Registration of Foreign E-Service Suppliers

|Approved Changes|Korea, Rep of
Korea, Rep of

From 1 July 2015, foreign suppliers of e-services to Korean customers must register for and charge value added tax (VAT 10%) on their supplies, including games, music, video, electronic documents or software that are stored on a computer or other electronic device or are accessible through a computer or device in real time without being stored. VAT applies for both B2B and B2C supplies.

There …

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